Forbes has ranked the world’s 50 most valuable sports franchises, and two of our local teams made the list.
The Texas Rangers just squeaked in at No. 50. Their value is a mere $674 million (a drop in the bucket for some of these franchises). Pretty good for a team that was in bankruptcy a few years ago. Their value is tied to both record attendance the last two seasons, and a monster TV deal with Fox Sports Southwest.
But the most valuable sports team around is the Dallas Cowboys.
In fact the Cowboys are tied with the New York Yankees as the most valuable sports franchise in America. The two teams are tied for third in the world.
The Cowboys valued at $1.85 billion can attribute most of their value to the teams state of the art stadium in Arlington.
This is what Forbes had to say about it, “Cowboys’ owner Jerry Jones is a master salesman and has attracted the NBA All-Star game, the Super Bowl, a Manny Pacquiao fight, soccer matches, concerts and more to Cowboys Stadium since the $1.2 billion venue opened in 2009.”
Only Manchester United ($2.23 billion) and Real Madrid($1.88 billion), two European soccer teams, beat out the Cowboys as the World’s most valuable franchise.
However Forbes claims the Cowboys could add to their value, if they were willing to sell the naming rights to Cowboys Stadium.